Target: Increase by 50 per cent the proportion of Queensland businesses undertaking research and development or innovation
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Current performance
Proportion of businesses innovating
This chart compares the proportion of businesses innovating in Queensland with the rest of Australia.
Source: ABS Innovation in Australian Business (Cat. No. 8158.0). The baseline represents available data when Q2 was released on 8 September 2008.
The baseline figure is still current because it is measured every two years. The 2008-09 data will be available in mid 2010.
Meeting the target would see 54 per cent of Queensland businesses innovating in 2020. This would align us with innovation leaders on an international scale.
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Progress toward the target
Reports
Case studies
World-class research institutes
Funding for three new world-class research institutes to the value of more than $700 million is securing Queensland’s international reputation as a leading player in the ongoing quest to crack new scientific frontiers and create a diverse economy powered by bright ideas.
Science precincts
A significant public investment in Australia’s first Ecosciences precinct at Dutton Park and the Health and Food Sciences Precinct at Coopers Plains will enable Australian researchers to collaborate with industry and universities in new, world-class facilities. It will also assist in attracting leading scientists and provide a solid base for future discoveries.
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More information
Further reading
- Austrade Economics (external site) tracks current and future trends in the global economy in order to assist Australian exporters, investors, educators and students. It also undertakes studies of the exporter community in Australia and associated domestic economic influences and major public policy issues.
Useful links
Last updated Tuesday, February 23, 2010
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